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$1,250,000

Beds
5
sq ft
2,180

5938 E Echo St, Los Angeles, CA 90042

5938 E Echo St

Los Angeles, CA 90042

  • 589 days on market
Sitting in the heart of Highland Park, in a Historic Preservation Overlay Zone (HPOZ) a stunning 2-story bungalow styled home and detached nest is up for sale ! This delightful front home boasts 6 bedrooms and 2 bathroom. Three downstairs and three on the top floor - with a bathroom on each. A specially blended living and dining room opens up into the kitchen with its own small breakfast nook. This unit sits in a peaceful tree-lined street, next to Figueroa's most well-known eateries and shops, and close to the Metro Gold Line. Behind this house sits a back unit, entirely detached, and is tenant occupied. . Which features a one bedroom-one bathroom flat above with deck, and a spacious studio below with its own half-bath. All this on an LARD2-zoned lot! You can check off that box for a new project in the new year this one is totally worth it!

Details

Property type

Est. home value

$1,283,721

Lot size

5,798 sq ft

Price per sq ft

$574

Year built

1907

HOA

No

Price History

12/08/2024
CLAW

CLAW #23271613

Price change
$1,250,000
+5.04%
09/07/2024
CLAW

CLAW #23271613

Listed
$1,190,000
08/28/2024
CLAW

CLAW #23271613

Pending
$1,190,000

Schools & Community

Neighborhood: 

Highland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$269,069
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$880,931
Cash to seller
$269,069

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nmsi Inc

Loan start date

February 2022

Original loan amount

$937,500

Est. remaining balance

$880,931

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Joon W Kim

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/27/2024 at 4:10 AM

Listing updated: 12/08/2024 at 4:55 AM

Listed by: Dae Young Hur, Keller Williams Larchmont Phone #: (323) 762-2600

MLS: CLAW #23271613

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